Rev Group Inc is a manufacturer of specialty vehicles focusing on diverse markets, including emergency services, recreational vehicles, and commercial products. The company designs and produces a wide range of vehicles, such as ambulances, fire trucks, and buses, catering to the needs of both public safety agencies and consumers. Rev Group combines innovative engineering with craftsmanship to deliver high-quality, reliable vehicles that meet the unique demands of their customers. Through its various brands, the company aims to enhance safety, efficiency, and performance in the vehicles it produces while contributing to the community and industry excellence.
Shares of speciality vehicle provider REV (NYSE:REVG)
jumped 16.8% in the morning session after the company reported third-quarter results, which blew past analysts' EBITDA and EPS estimates. On the other hand, its revenue in the quarter and full-year revenue guidance both missed. Overall, this quarter was mixed. The market seems to be more focused on the positives.
Speciality vehicle provider REV (NYSE:REVG) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 13.8% year on year to $597.9 million. The company’s full-year revenue guidance of $2.35 billion at the midpoint came in 4.3% below analysts’ estimates. Its non-GAAP profit of $0.51 per share was 4.1% above analysts’ consensus estimates.
REV Group, Inc. (NYSE: REVG) today reported results for the three months ended October 31, 2024 (“fourth quarter 2024”). Consolidated net sales in the fourth quarter 2024 were $597.9 million, compared to $693.3 million for the three months ended October 31, 2023 (“fourth quarter 2023”). Net sales for the fourth quarter 2023 included $54.2 million attributable to Collins Bus Corporation (“Collins”) which was divested on January 26, 2024. Excluding the impact of the Collins divestiture, net sales decreased $41.2 million, or 6.4% compared to the prior year quarter. The decrease, excluding the impact of Collins, was primarily due to lower net sales in the Recreational Vehicles segment, partially offset by higher net sales in the Specialty Vehicles segment.
REV Group has had an impressive run over the past six months as its shares have beaten the S&P 500 by 6.3%. The stock now trades at $30.85, marking a 20.5% gain. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
REV Group, Inc. (NYSE: REVG) announced that it will release its fourth-quarter fiscal 2024 financial results on Wednesday, December 11, 2024, prior to the market opening. The results will be discussed during a live webcast later that morning, beginning at 10:00 a.m. ET. During the webcast, members of REV Group’s leadership team will also provide an overview of the company’s business segments, recent transformation efforts, and strategic priorities along with updated three-year financial targets. The event will include a detailed presentation and a Q&A session, offering insights into the company's operations and growth plans. Access to the live webcast and presentation materials will be available directly on the REV Group website, www.revgroup.com, under the "Investors" section and subheading "Events.”
REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced plans earlier this year to exit the bus manufacturing business and today reports the finalized sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for a purchase price of approximately $52 million. REV Group intends to use the net proceeds from the sale to pay down outstanding borrowings under the company’s ABL credit facility.
REV Group, Inc. (NYSE: REVG), a leading designer and manufacturer of specialty vehicles, announces that David C. Dauch has been elected as an independent member of its Board of Directors, effective from Friday, October 11.
REV Group, Inc. (NYSE: REVG), today announced Amy Campbell, CFO, will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12, 2024. The event is scheduled to begin at 12:15 pm PDT. A live audio webcast can be accessed through the investor relations section of the company's website at www.revgroup.com.
REV Group reported Q3 results with net sales of $579.4 million, missing consensus of $618.7 million. Adjusted EPS of $0.48 beat street view of $0.42. Company lowered FY24 outlook for net sales.
REV Group, Inc. (NYSE: REVG) (the “company”), a manufacturer of industry-leading specialty and recreational vehicles, today reported results for the three months ended July 31, 2024 (“third quarter 2024”). Consolidated net sales in the third quarter 2024 were $579.4 million, compared to $680.0 million for the three months ended July 31, 2023 (“third quarter 2023”). Net sales for the third quarter 2023 included $45.9 million attributable to Collins. Excluding the impact of the Collins divestiture, net sales decreased $54.7 million, or 8.6% compared to the prior year quarter. The decrease, excluding the impact of Collins, was primarily due to lower net sales in the Recreational Vehicles segment, partially offset by higher net sales in the Specialty Vehicles segment.
REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its third quarter fiscal 2024 results before the market open on Wednesday, September 4, 2024. The results will be discussed during a live webcast later that morning on September 4, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call.
REV Group, Inc. (NYSE: REVG), today announced Mark Skonieczny, President and CEO, and Amy Campbell, CFO, will present at the East Coast IDEAS Investor Conference on Wednesday, June 12, 2024 at Jay Conference – Bryant Park in New York, NY. The company’s presentation is scheduled to begin at 11:30 am ET. The presentation will be webcast and can be accessed through the conference host’s main website at www.threepartadvisors.com/east-coast and in the investor relations section of the company's website at www.revgroup.com.
REV Group, Inc. (NYSE: REVG) (the “company”), a manufacturer of industry-leading specialty and recreational vehicles, today reported results for the three months ended April 30, 2024 (“second quarter 2024”). Consolidated net sales in the second quarter 2024 were $616.9 million, compared to $681.2 million for the three months ended April 30, 2023 (“second quarter 2023”). Net sales for the second quarter 2023 included $46.9 million attributable to Collins. Excluding the impact of the Collins divestiture, net sales decreased $17.4 million, or 2.7% compared to the prior year quarter. The decrease was primarily due to lower net sales in the Recreational Vehicles segment, partially offset by higher net sales in the Specialty Vehicles segment.
